Mermaid Beach house values hit a record $1.5 million

first_imgMermaid Beach. Picture: Regi VargheseIt is the most expensive suburb on the Gold Coast and the fourth in Queensland — beaten only by Brisbane’s Teneriffe, New Farm and Pallara — and the first time a Gold Coast suburb has broken the $1.5 million threshold.The median house price on the Gold Coast is $640,000.Luke Henderson, director at John Henderson Professionals Mermaid Beach, said demand was out-stripping supply, causing house prices to soar.“We are seeing a lot of people who want to build their dream home here so we’re also seeing a strong demand for properties that hold older houses,” he said.“There are several factors driving people (to Mermaid Beach). The low height limit is a key driver. We have a high owner-occupancy community and you have the redevelopment of the Nobbys restaurant and cafe strip.” People enjoying a swim on the beach, Mermaid Beach. Picture: Regi Varghese Mermaid Beach Surf Club, Gold Coast. Picture: Regi VargheseMore from news02:37International architect Desmond Brooks selling luxury beach villa18 hours ago02:37Gold Coast property: Sovereign Islands mega mansion hits market with $16m price tag2 days agoKollosche Prestige Agents’ Michael Kollosche, who this week sold a beachfront property for $11.6 million, shared a similar view.“It would be anchored off the sales happening on the beachfront but the side streets of Mermaid have also been quite strong,” Mr Kollosche said.“It’s getting very difficult to find shacks in those side streets for under $1.4 million.”He said the lack of stock was causing the market to “grow consistently”. Cyclists along Hedges Ave, Mermaid Beach, Gold Coast. Picture: Regi VargheseIt comes as the Gold Coast’s prestige market emerges as the star performer of 2018 with a flurry of multimillion-dollar sales wrapping up this month.Experts are predicting the boom to continue with over 20 properties changing hands for at least $3 million each this year.center_img BSKT Cafe at Mermaid Beach. Picture: Regi VargheseThe elite million-dollar club on the Gold Coast has increased considerably over the past five years.Other suburbs clearing the $1 million median house value include Broadbeach Waters ($1.1 million), Bundall ($1.05 million), Clear Island Waters ($1.1 million), Paradise Point ($1.0425 million) and Surfers Paradise ($1.35 million) Hot on their heels are Runaway Bay ($985,500), Coolangatta ($955,000), and Tallebudgera Valley ($945,000). Mermaid Beach is the most expensive suburb to buy a house on the Gold Coast.MERMAID Beach house values have soared to a record $1.5 million as cashed-up buyers wrestle to secure prime beachfront property.The latest CoreLogic data shows the median price for houses in Mermaid Beach rose to $1.562 million, a 9.1 per cent increase over 64 house sales in the past 12 months.last_img read more

Irish U15s to play international this afternoon in Tipperary

first_imgThe games kicks off at the Clonmel Celtic FC Grounds at 3 pm and the Irish side includes Nenagh AFC player Barry Coffey.The second match against the same opposition takes place at Cahir Park AFC on Wednesday.last_img

Regional Officials Warn that Illegal Migration from Brazil Could Increase COVID…

first_img“That is a dangerous situation,” he said, adding that he has since raised the matter with the local Toshaos. “They are 23 new cases in the region, that in addition to the 18 we had before. Of those 18, four have recovered and one died, so that is 23 and 13 active cases that we now have.” Parker said. Regional Executive Officer of Region 9, Carl Parker, said there have been 36 active COVID cases, all of being imported. But he made it clear that no resident of Lethem in Region 9 has been diagnosed with the virus and that the cases were imported from neighbouring Brazil. “Despite all the pleading, begging and information out there, persons are still not adhering to the safety guidelines,” Parker stated. “Persons are still coming across the border and when they reach the villages, residents are hiding them, so when the team shows up, they are told that they are no persons from the border. Community leaders have been called on to ensure residents are adhering to the health guidelines.center_img GEORGETOWN, Guyana – A senior regional official in Guyana says the coronavirus (COVID-19) situation in Region 9 of the country has become a challenge as a result of the increased number of illegal travel from Brazil. Staff conduct disinfection at Congonhas Airport in Sao Paulo, Brazil, June 16, 2020 (Xinhua/Rahel Patrasso) Guyana has recorded 389 cases of the virus with 20 deaths. Brazil is one of the countries in the world with a high number of deaths associated with the virus. As of July 28, Brazil recorded some 2,455,905 COVID-19 cases and 88,000 deaths. “But now we know persons are coming from the border. Those cases did not come from Lethem, we have no reports of anyone in Lethem with COVID, everything is from across Brazil,” Parker said, warning that the practice of harbouring migrants threatens local communities with the spread of COVID-19. CMClast_img read more